TRAINING OBJECTIVE FOR SUPPLIERS AND VENDORS RISK ASSESSMENT MANAGEMENT

The training program was design with the following key objectives of learning to the participants:-

• Delivery knowledge on how to manage supplier effectively
• Understand the strategic important an efficient supplier on company bottom-line cost
• Developing an efficient and effective supplier performance program

LEARNING OBJECTIVES EXPECTED FROM PARTICIPANTS

By the end of the 4-day online (14 hours) interactive session, the learning curve achieve will enable the following:-

• UNDERSTAND the strategic  role of vendors and suppliers  role in business operation
• IDENTIFY suppliers and vendors key traits for safe management planning
• DEVELOP and implement action plan to tackle vendors and suppliers area of concern
• CARRY OUT risk assessment and implement effective plan to eliminate any potential issue
• UNDERSTAND the various technique to carry out proper evaluation of vendors and suppliers strength and weakness

PARTICIPANTS GROUP

This training program is highly recommended for employees involve in the managing of the supply chain function in the company, for example, personnel from procurement, warehouse, logistics and planning department and finance.

COURSE CONTENT

Module 1 – The Role of Procurement and Business Challenges

• Definition of Procurement
• Procurement Key Roles in Business Organization
• Purchasing versus Procurement, what the difference
• Key Objective of Business Enterprises
• Vendors versus Suppliers, the key differences

Module 2 – Understand the Key Suppliers and Vendors traits

• Key traits of a good suppliers
• Warning signs of a poor suppliers
• 10 key characteristics of supplier to work with
• How to identify your quality supplier to reduce risk

Module 3 – Suppliers and Vendors Positioning Strategies

• Evolution of supplier strategic positioning
• 5 common key supplier positioning to leverage against buyers
• Identify your current key supplier strategic positioning and identify way of managing it

Module 4 – Competitiveness Model

• Understanding the competitiveness model
• Strategies to overcoming supplier advantages
• Strategic plan to resolve supply disadvantages
• Market demand and change impact to risk on procurement management
• Developing your key competitiveness advantage

Module 5 – Analysis of Problems

• Using SWOT to identify risk
• Problem solving techniques
• Kepner – Tregoe Process of Solving Problem
• Fishbone method to analyze problem
• Corrective Action and Preventive Action, the key difference

Module 6 – Strategic and Tactical Sourcing and Risk Mitigation

• Definition of Strategic and Tactical
• Key Objectives of Procurement and Purchasing
• Strategic Role in Procurement
• Cause and Effect Technique (5 Why and 1 How) for problem evaluation
• Strategic & Tactical Sourcing Objective and Procedure
• Type of Risk in Sourcing
• Mitigation to prevent failings in sourcing
• Key positive and negative sign to look out for in sourcing
• Risk Management case study on sourcing risk

Module 7 – Barrier to Fraud in managing vendors and suppliers

• Defining procurement fraud and bribery
• Understanding the motivations of individuals and organizations that engage in fraud and bribery
• Developing effective and proportionate procedures
• Training personnel and suppliers who may encounter procurement fraud
• Securing the supply chain at all stages including initiation, storage, transportation, loading and unloading, handovers with other organizations and shipping and clearance documentation
• Monitoring the stages in procurement from pre-qualification to use
• Achieving due diligence
• Planning the bribery-proof organization
• Developing anti-bribery policy and
• Gaining commitment from all levels of the organization
• Enforcing compliance of organizational anti-bribery rules and procedures
• Achieving due diligence with controlled organizations and business associates
• Monitoring and reviewing the anti-bribery management system.
• Audit and top management review – continuously improving the system

Module 8 – Managing the Overall Risk with Vendors and Suppliers

• PDCA cycle of risk management
• Indentifying the area of risk
• Evaluating the risk
• Prioritizing the risk
• Implement the solution
• Monitoring

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